The cryptocurrency market appears to be recovering from the recent downturn. Bitcoin (BTC) has risen 5.1% in the past 24 hours, regaining the $64,000 level. Additionally, the global cryptocurrency market capitalization increased by 4.9% in 24 hours to $2.45 trillion. Ripple’s XRP token also recovered slightly by 1.9% on the daily chart.
However, XRP is still down 18.2% on the weekly chart, 14.1% on the 14-day chart, and 16.1% month-on-month. Furthermore, the price of XRP has fallen by 4.3% since April 2023.
The recent rise could be due to his upcoming BTC halving. The original cryptocurrency is expected to undergo halving on April 20, 2024. Many consider halving to be bullish because it can reduce the supply of an asset and lead to an increase in demand.
Ripple XRP price prediction at the end of April
According to CoinCodex, Ripple’s XRP could rise to $0.646849 on April 23, 2024. Reaching $0.646849 from current levels would represent a growth of approximately 29.6%. However, CoinCodex expects the XRP price to drop slightly after reaching $0.646849. The platform expects XRP to trade at $0.62 in April.
Changelly also expects the price of XRP to increase in the coming days. The platform predicts that XRP will reach $0.632210 on April 30, 2024, an increase of approximately 26.7% from current levels.
One of the biggest obstacles to the XRP price is the ongoing legal battle between the SEC (Securities and Exchange Commission) and Ripple. The fintech company received a partially positive ruling from the District Court, but the case is now in Superior Court. If the Supreme Court issues a similar ruling as the district court, the price of XRP could rise significantly.
- Top 5 cities in Africa where real estate is most expensive in 2024 - May 3, 2024
- Top 5 menu options for London Series 2024 - May 3, 2024
- Top 5 Stunning Destinations Worldwide Affected by Overtourism - May 3, 2024
